202 Prospect WayLookout MountainTN37350
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $3,542/mo, and a $5,017/mo payment. Purchase price stands at $1,025,000, and rental yield measures 4.15% with $3,542/mo rent. Return on cash invested shows 11% in year one, and 5% annual appreciation builds toward $283,189 over five years. Five-year ROI reaches 54.69% and total cumulative return in cash records $181,636. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,542/mo property income covering a $5,017/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37350, Lookout Mountain, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 802 (100%) |
| Owner Occupied HU | 696 (86.8%) |
| Renter Occupied HU | 53 ( 6.6%) |
| Vacant Housing Units | 53 ( 6.6%) |
| Median Home Value | $730,061 |
| Average Home Value | $813,254 |
Housing Distribution
Address Breakdown
Residential
824
Single Family
815
Multi-Family
9
Businesses
96
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Listed by: Gregory Depasquale • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520443